The latest trend is people investing in flats, villas and condos, but some investors still prefer investing in residential plots and then building a home according to one’s individual liking and taste. There are several benefits of investing in a plot, and when it is for setting up your own residence, prices escalate quickly. Plotted investments are and have been the best options for capital returns that they offer. The important aspect is you paying the right price for the plot of land or what helps in determining the actual price of the plot?
A plot bought in an upcoming neighborhood or in an upcoming, upscale market attracts all sectors like commercial, residential or hospitality. Any infrastructural development in the area or the suburb will automatically increase the value of the plots. So when you are planning to buy a plot a lot of factors have to be taken into consideration. A lot of features help you in determining the actual cost of your plot. In Navi Mumbai and Bangalore the prices of plots have taken a big leap after the plan for new airports was announced. [Read more…]